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    SUNDARMFIN — Sundaram Finance News Story

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    India New Issue-Sundaram Finance to issue 2-year bonds, bankers say

    Picture of Sundaram Finance logoSundaram Finance
    27/05/2025 03:46
    MUMBAI, May 27 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($117.6 million) by selling bonds maturing in two years, three merchant bankers said on Tuesday.

The company will pay an annual coupon of 6.99% and has invited bids from bankers and investors on Wednesday, they said.

Sundaram Finance did not immediately reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on May 27:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance2 years6.9910May 28AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 85.0650 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

 ((Dharamraj.dhutia@tr.com))

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